Prime Bank to provide digital solutions to subsidiary

Prime Bank signed an agreement with Prime Bank Securities Limited (PBSL) recently to provide automated banking solutions through its digital platform PrimePay. 

Shams Abdullah Muhaimin, deputy managing director of the bank, and Md Moniruzzaman, managing director and CEO of the PBSL, inked the deal, said a press release.

Under the agreement, systems will be integrated to show client collections and deposits in portfolios in real time along with unique identifiers.

The PBSL will be able to honour client withdrawal requests on time, make instant fund transfers to beneficiary accounts with Prime Bank and initiate bulk disbursements for any service.